Stanley Morgan wrote:
agip wrote:
Did I not call this? ????
Trump needs a win, badly. He's been losing on so many things...he has a need for a political win and that could get us out of this stupid-ash trade war.
NYT is saying the same thing today.
https://www.nytimes.com/2018/11/27/us/politics/trump-xi-trade-g-20.html?action=click&module=Top%20Stories&pgtype=HomepageWell done, agip. You are the DGTD’s ying to Igy’s yang.
Go, Pats!
Xi may do the Chinese yang....
Go, Fats!
Guess I should buy YANG.
Ghost of Igloi wrote:
https://www.zerohedge.com/sites/default/files/inline-images/buffer-collapse5-18_2.png?itok=Ev30f4lE
I’m not sure what system you are referencing, but it certainly not the market. It simply doesn’t behave that way.
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KeIIy wrote:
Ghost of Igloi wrote:
https://www.zerohedge.com/sites/default/files/inline-images/buffer-collapse5-18_2.png?itok=Ev30f4lEI’m not sure what system you are referencing, but it certainly not the market. It simply doesn’t behave that way.
Sure, whatever you say:
https://en.m.wikipedia.org/wiki/Stock_market_downturn_of_2002#/media/File%3ADJIA2002.pngagip wrote:
Did I not call this? ????
Trump needs a win, badly. He's been losing on so many things...he has a need for a political win and that could get us out of this stupid-ash trade war.
NYT is saying the same thing today.
https://www.nytimes.com/2018/11/27/us/politics/trump-xi-trade-g-20.html?action=click&module=Top%20Stories&pgtype=Homepage
I think you're right but I also think the stock market rallies all the way into Friday. That's a lot of green in the stock market to possibly give Trump a false sense of security and overplay his hand on the tariffs (like "haha look how good our stock market is doing!").
The fact the market is waiting for an accurate answer from a luncheon in South America is simply baffling. Even if Trump says tariffs are on/off, how could you possibly believe this administration? The amount of conflicting reports they've released just on this matter is astonishing and I think it's only reasonable for the SP500 to drop by, oh lets say 50%. And by the end of the week preferably.
Simple, Bots reading headlines. End game is shrinking global liquidity, peak of economic cycle.
Ghost of Igloi wrote:
Simple, Bots reading headlines. End game is shrinking global liquidity, peak of economic cycle.
Wait, who's end game is to shrink global liquidity? The Fed or big banks/ market makers?
Ghost of Igloi wrote:
Simple, Bots reading headlines. End game is shrinking global liquidity, peak of economic cycle.
But we're smarter than that, aren't we? We read pro- Russian -alt-right conspiracy mongering diatribes with big red arrows that make it clear just how f'cked we really are.
thank goodness for the big red arrows! wrote:
Ghost of Igloi wrote:
Simple, Bots reading headlines. End game is shrinking global liquidity, peak of economic cycle.
But we're smarter than that, aren't we? We read pro- Russian -alt-right conspiracy mongering diatribes with big red arrows that make it clear just how f'cked we really are.
Putin just released this:
https://medium.com/@caityjohnstone/leaked-transcript-proves-russiagaters-have-been-right-all-along-b9128ad19283Hey, Racket, there was this fund manager pushing his top three picks to be the turn-around kings much like Microsoft, and he says they were IBM, PRoctor & Gamble, and ...... GE. He likes GE because they have a well known brand, huge cash reserves, and they downsized to a very select 20 brands that he says have a better chance of being profitable than the deadwood they shed. I'm not buying it, but it's on some people's radar.
Seattle,
We have been trying to get a part for our GE Profile Oven (self-cleaning part) since July. The back order keeps getting pushed out. Does not inspire confidence.
Igy
seattle prattle wrote:
Hey, Racket, there was this fund manager pushing his top three picks to be the turn-around kings much like Microsoft, and he says they were IBM, PRoctor & Gamble, and ...... GE. He likes GE because they have a well known brand, huge cash reserves, and they downsized to a very select 20 brands that he says have a better chance of being profitable than the deadwood they shed. I'm not buying it, but it's on some people's radar.
.....huge cash reserves? They have a stack of credit cards. That's why they had to sell Baker Hughes. And even if they did have cash reserves then I hope they like paying the interest on the insane bond payments due in 2019 and 2020. They may be able to avoid bankruptcy and thus becoming the next Sears, but I don't think GE is going to turn-around significantly. Survival? Yes, possible. Reclamation of former glory? Almost certainly not.
I'll probably start unwinding my short position on them soon since I think most of the damage is done and I'd like to take the profits, but I can see them going to $5. What's more worrying is if the bonds get downgraded to junk status, as that will supposedly trigger another giant sell-off in the market as a whole (or so I've read).
Ghost of Igloi wrote:
Seattle,
We have been trying to get a part for our GE Profile Oven (self-cleaning part) since July. The back order keeps getting pushed out. Does not inspire confidence.
Igy
So why did you invest in them?
Racket, good call on that short. I may have the details wrong but they did recommend it.
Any chance that a big multi-national like that might have a bounce on a China trade deal? Anyway, good luck on it.
i bet. Similar experience with a couple of online orders from Sears Parts and Sears Appliances. Vowed to never do business with them again, if i can help it.
seattle prattle wrote:
Any chance that a big multi-national like that might have a bounce on a China trade deal?
There woes are self inflicted and come from their balance sheet, not necessarily higher cost of doing business because of tariffs but if a real trade deal is done then I think they bounce up some (and we'll also have SPY -> 300 by year end)
If we see SPY--> over 300 i'd be tempted to pull a Maserati move and cash out for good. At least that's what i've been telling myself for the last couple of weeks.
Phiny wrote:
agip wrote:
Dow is up 974 points since November 23.
That includes a weekend.
Fake run-up of a few days to mask the downward spiral.
Let’s not overreact. Talk to us when we’ve reached the point of a correction.